What Are The Benefits Of Synthetics?
1. Because Synthetics are based on THORChain, they take over the network fees of THORChainwhich can save you a lot of funds (each transaction costs only 0.02 in $RUNE).
2. THORChain transaction only take ca. 5 seconds to complete.
3. Because you mint a Synthetic with only one asset, you are only exposed to price fluctuation of one asset, thus avoiding the Impermanent Loss.
Important note: Synthetics do NOT earn any APY/APR!
Last modified 6mo ago